Recent Updates on Pharmacy Automation Market 2020-2027, Global Players are Cerner Corporation, Omnicell, Inc., Capsa Healthcare, RxSafe, LLC, ARxIUM
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The wide ranging Pharmacy Automation Market report evaluates CAGR value fluctuation during the forecast period of 2021-2028 for the market. All the data of research and analysis are mapped in an actionable model, with strategic recommendations from the experts. Base year for calculation in the report is considered as 2020 while the historic year is 2019 which will tell how the Pharmacy Automation Market is going to act upon in the forecast years by giving information about the several market insights. Lastly, the large scale report makes some important proposals for a new project of the market before evaluating its feasibility.
Market Analysis and Insights: North America Pharmacy Automation Market
Pharmacy automation market is expected to gain strong market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.8% in the forecast period of 2020 to 2027 and is expected to reach USD 4,173.17 million by 2027. Increasing adoption of the digital technologies, automated system in pharmacies to improve the operations speed is augmenting the segment growth.
Some of the major players operating in the North America pharmacy automation market are Omnicell, Inc., Innovation Associates, RxMedic Systems, Inc., RxSafe, LLC., ARxIUM, ScriptPro LLC, Capsa Healthcare, BD, Cerner Corporation, Parata Systems, LLC, Swisslog Healthcare (A part of the KUKA AG), Pocket Pills, PerceptiMed, Inc., Asteres Inc., MedAvail Technologies, Inc., Fullscript, McKesson Corporation, Baxter and AmerisourceBergen Corporation among others.
The major factors driving the growth of the pharmacy automation market are the growing consumption of automated dispensing systems and the rising demand for automation in pharmacies to reduce medication errors.
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The requirement of high cost of investment is restraining the growth of North America pharmacy automation market.
Increased use of pharmacy automation solution from the hospitals to enhance the customer care and ease the operation with reduced medication errors is driving the market growth in North America. Market players are continuously introducing the advanced technology to attract pharmacy owners. For instance, March 2020, ScriptPro LLC introduced new ScriptPro’s therapy management solutions to enhance the offering for clinical service through ProCare Pharmacy. The new solution offered advanced processing at facility such as clinical patient programs for calendar reminders; Excel spread sheets, PDF forms and others.
North America pharmacy automation market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the North America Pharmacy Automation Market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Pharmacy Automation Market Scope and Market Size
North America pharmacy automation market is segmented into six notable segments which are based on the basis of product, pharmacy type, pharmacy size, application, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of product, the North America pharmacy automation market is segmented into systems, software, and services. Increasing need of the advanced systems to support the effortless dispensing, packaging and other services is driving the segment growth. Advent pharmacy kiosk, ATMs and other advanced systems is accelerating the segment growth.
On the basis of pharmacy type, the North America pharmacy automation market is segmented into independent, chain, and federal. The chain segment is dominating the North America pharmacy automation market owing to the high adoption of the technology to improve the operations and performance of processes.
On the basis of pharmacy size, the North America pharmacy automation market is segmented into small size pharmacy, medium size pharmacy, and large size pharmacy. The large size pharmacy segment is dominating the North America pharmacy automation market with the as it majorly adopted by the facilities to manage multiple operations. Large financial pharmacies are adopting the multiple systems as they have strong financial capabilities for the initial investment.
On the basis of application, the North America pharmacy automation market is segmented into drug dispensing and packaging, drug storage, and inventory management. The market has major demand for the dispensing and packaging system to improve the delivery speed or eliminate the waiting lines which drives the market growth for drug dispensing and packaging application.
On the basis of end user, North America pharmacy automation market is segmented into inpatient pharmacies, outpatient pharmacies, retail pharmacies, online pharmacies, pharmacy benefit management organizations, central fill/mail order pharmacies, and others. Retail pharmacies have major adoption of the technology as it has comparatively high delivery of the medicines for customers. Increasing competition in retail pharmacies owing to the cover the maximum areas is driving the segment growth.
On the basis of the distribution channel, the North America pharmacy automation market is segmented into direct tender and third party distributor. Direct tender pharmacy automation provider offers the dedicated and improved service and support for the customer which is helping the segment to dominate the market.
Increased use in Retail and Inpatient Pharmacies is Boosting the Demand of the Market in the Forecast Period
Pharmacy automation market also provides you with detailed market analysis for every country growth in sales of pharmacy automation due to changing lifestyle of the customers which prefers healthy foods along with growth in increasing disposable income are also propelling the pharmacy automation market. The data is available for historic period 2010 to 2018.
Competitive Landscape and North America Pharmacy Automation Market Share Analysis
North America pharmacy automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to North America pharmacy automation market.
Many product launch initiated by the companies worldwide are accelerating the growth of North America pharmacy automation market.
In August 2019, Capsa Healthcare launched new solution for the retail pharmacy prescription dispensing applications. A new Kirby Lester KL-SR secure robotic dispenser is introduced which is specially designed for the hospital outpatient pharmacies and retail pharmacies. It offers reduced human error through the universal cassettes for medications. Through this, the company enhanced their product offering for the customers.
In February 2019, Parata Systems, LLC Company introduced new pouch packager, the PASS 36 for the packaging application. It is a new scalable pouch packager which offers the 40% business growth in one year with 95% adherence rate in HIV patients. Through this new product, the company enhanced their product portfolio for pharmacy automation solution.
New product development, partnership and other strategies by the market player is enhancing the company presence in the pharmacy automation market which also provides the benefits for organization to improve their offering for pharmacy automation market.
Customization Available North America Pharmacy Automation Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Chapter 2: Executive Summary
Chapter 3: Pharmacy Automation Market Industry Insights
Technological and innovation landscape
Chapter 4: Pharmacy Automation Market, By Region
Chapter 5: Company Profile
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